secwatch.observer — SEC 8-K summary
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Issuer:     Coca-Cola Consolidated, Inc. (COKE)
CIK:        0000317540
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000317540-23-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coca-Cola Consolidated Q2 net sales +9%, operating margin record 13.4%, volume down 4%
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- Net sales $1.74B (+9% YoY); gross profit $672M (+22%); gross margin 38.6% (+410 bps).
- Operating margin 13.4% vs 9.2% last year; adjusted operating income +47%.
- Sparkling bottle/can sales +14.1%; still volume fell 8.9% on sports drinks slowdown.
- Q2 net income $122.3M ($13.05 EPS); adjusted $172.8M ($18.43 adjusted EPS).
- Expects ~$79M non-cash pension settlement charge in Q3; pricing growth to slow in H2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317540/000031754023000040/0000317540-23-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317540/000031754023000040/coke-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000317540-23-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer